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Much of Homestead and some of the surrounding communities are listed on the National Register of Historic Places as the Homestead Historic District. Many buildings: churches, commercial buildings, and homes date to the late 19th century or early 20th century and are of architectural and historic interest. Unfortunately, since the closing of the steel mills in the 1980s, the population and business district of Homestead have seriously declined, causing many older buildings to be abandoned. The final nail in the coffin of the formerly thriving business district, mainly along 8th Avenue, was the opening of many big box chain stores and restaurants in the new (1990s) Waterfront development.

The Carnegie Library of Homestead was opened to the public in 1898. This historic building, located on E.11th Avenue in the neighboring borough of Munhall, now houses, in addition to a public library, a music hall and athletic club open to the public. The impressive stone architecture of the building is set off by the surrounding park. The library is one of only three that Andrew Carnegie provided with an endowment. Some claim it was a peace offering to the community following the events of the steel strike in 1892, and that as such it was rejected by Homestead, which is why it's in Munhall instead. In fact, the plans were already in the works for the building of the library before the strike and the Borough of Munhall had not been incorporated when the Library was built.

Also not technically in Homestead proper, but located just west of the borough, is the popular waterpark, Sandcastle, with waterslides, pools and waterside nightclub adjacent to the Monongahela River. Sandcastle's sister location for summertime fun is Kennywood Park, located in West Mifflin, about 4 miles east of Homestead. This historic amusement park has been a family destination for generations of Pittsburghers. It is home to some of the best known and loved wooden roller coaster rides.